Actuate (Nasdaq: BIRT ) is expected to report Q3 earnings on Oct. 29. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Actuate's revenues will expand 2.5% and EPS will contract -15.4%.
The average estimate for revenue is $34.6 million. On the bottom line, the average EPS estimate is $0.11.
Last quarter, Actuate booked revenue of $36.2 million. GAAP reported sales were 7.4% higher than the prior-year quarter's $33.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.12. GAAP EPS of $0.11 for Q2 were much higher than the prior-year quarter's $0.01 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 85.3%, 220 basis points better than the prior-year quarter. Operating margin was 17.2%, 20 basis points better than the prior-year quarter. Net margin was 15.4%, 1,370 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $142.8 million. The average EPS estimate is $0.47.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 482 members out of 497 rating the stock outperform, and 15 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 98 give Actuate a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Actuate is buy, with an average price target of $8.60.
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